) abilities and on the sectoral concentration risk of a credit portfolio. In this paper, we examine in the first part if … cooperative banks. In the second part we measure the overall effect of better monitoring and the associated higher sectoral credit … concentrations on the credit risk of the portfolio. Our empirical results suggest that specialization benefits overcompensate the …

We analyse to what extent the accrual anomaly is related to the choice of the accounting system as well as firm … first corroborate former results indicating that the accrual anomaly is also present in Germany. However, this anomaly seems … reduce the accrual anomaly, shareholder monitoring is not. Apart from offering evidence related to the cross …

This article presents the results of stress tests of the Czech banking sector conducted using models of credit risk and … credit growth broken down by sector. The use of these models enables the stress tests to be linked to the CNB's official … of credit risk for individual sectors. Based on the analysis, an answer is sought to the question of whether the observed …

lending behavior and risk sensitivity of a risk-neutral bank. CDS contracts may be used to hedge a bank's credit risk exposure … credit risk. Under the substitution approach in Basel II (and III) a risk-neutral bank will over-, fully or under-hedge its … interaction between capital adequacy regulation and credit risk transfer with credit default swaps (CDS) including its effect on …

developing a new methodology to separate firms' credit shocks from loan supply shocks, using a vast sample of matched bank …-firm lending data. We decompose loan movements in Japan for the period 1990 to 2010 into bank, firm, industry, and common shocks … bank loan supply net of borrower characteristics and general credit conditions - can have large impacts on aggregate loan …

We find that firms with greater tax avoidance incur higher spreads when obtaining bank loans. This finding is robust in … avoidance also incur more stringent non-price loan terms, incur higher at-issue bond spreads, and prefer bank loans over public …

emphasizes the need for harmonizing bank regulation and supervision. We study the impact of cross-border lending in a theoretical … business climate survey that reports the perceptions of German firms' credit availability between 2003 and 2006. Our results …, differences in bank regulations may have speeded up the cross-border lending. …

reveals that banks take credit risk but manage within the ambit of regulatory restrictions. Based on the findings, we argue … that the imposition of regulatory restrictions through the State Bank of Pakistan (SBP) has not only discouraged income …